Monthly chart shows that while new high was made in June 2007, bulls were not able to hold it above the prior high and key LIS of $16.24. Major indecision between bulls and bears during month of August 2007.

DPTR (Delta Petroleum)

Monthly chart shows strong selling since the top was made December 2006. Small h&s pattern evident.

GDP (Goodrich petroleum)

Monthly chart shows a double top being made with price closing at the lows of the month. IF sellers come out in force, THEN look for next support at the $25 level.

XTO (XTO Energy Inc.)

Monthly chart shows price to be at short term support. Selling pressure seems to have eased somewhat during the month of August. Early buyers stepping back into the stock. Current high of $64.25 remains resistance. IF price continues up, THEN look for profit-taking activity.

APA (Apache Corp)

Monthly chart shows profit taking the last 3 months. Current support is at the .50 fib retracement level of the last move up from $56.70 area.

APC (Anadarko Petroleum Corp)

Monthly chart shows a double top currently.

EOG (EOG Resources Inc)

Monthly shows a double top at the .786 fib retracement level.

EP (El Paso Corporation)

Monthly chart shows corrective move up into $18.63 resistance.

GAS (Nicor Inc)

Monthly chart shows early buyers stepped back into the stock at the $37-38 level, where they took it up to the .618 fib resistance level for profit-taking. Currently, the chart shows a double top.

NBL (Noble Energy Inc)

Monthly chart shows weakness with profit-taking at the highs during the last three monthsl.

PPP (Pogo Producing Co)

Monthly chart shows a double top with current support at key LIS of $49-50 area.

STR (Qestar CP)

Monthly chart shows profit-taking the last three months. Current support is at the key LIS of $45.50.

WMB (Williams Cos)

Monthly chart shows price has managed to retraced .618 of the last move down. Signs of profit-taking at the $35-36 area resistance the last three months.